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Dow Today: Visa (V) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The
Dow Jones Industrial Average (
^DJI) is trading up 52 points (+0.3%) at 16,595 as of Friday, May 23, 2014, 1:36 p.m. ET. During this time, 118.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 386.1 million. The NYSE advances/declines ratio sits at 1,917 issues advancing vs. 1,047 declining with 178 unchanged.

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The Dow component leading the way higher looks to be
Visa (NYSE:
V), which is sporting a $2.23 gain (+1.1%) bringing the stock to $211.60. This single gain is lifting the Dow Jones Industrial Average by 16.88 points or roughly accounting for 32.5% of the Dow's overall gain. Volume for Visa currently sits at 1.4 million shares traded vs. an average daily trading volume of 3.5 million shares.

Visa has a market cap of $104.92 billion and is part of the financial sector and financial services industry. Shares are down 6% year-to-date as of Thursday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.